Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionFirst Dallas Securities Inc.
Latest Disclosed Ownership241,100 shares
Latest Disclosed Value $ 2,037,292
First Dallas Securities Inc. reports 1.11% decrease in ownership of CLF / Cleveland-Cliffs Inc.

On April 27, 2026 - First Dallas Securities Inc. filed a 13F-HR form disclosing ownership of 241,100 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $2,037,292 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 243,800 shares of Cleveland-Cliffs Inc.. This represents a change in shares of -1.11% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-27 2026-03-31 13F Cleveland-Cliffs COM 185899101 241,100 -2,700 -1.11 2,037 -37.07 0.7537
2026-02-11 2025-12-31 13F Cleveland-Cliffs COM 185899101 243,800 -52,000 -17.58 3,238 -10.28 1.2047
2026-02-11 2025-12-31 13F Cleveland-Cliffs COM 185899101 243,800 3,238
2025-11-05 2025-09-30 13F Cleveland-Cliffs COM 185899101 295,800 -16,240 -5.20 3,609 52.17 1.3519
2025-08-07 2025-06-30 13F Cleveland-Cliffs COM 185899101 312,040 66,800 27.24 2,372 17.61 0.9374
2025-05-16 2025-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 245,240 43,740 21.71 2,016 6.44 0.8424
2025-01-24 2024-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 201,500 -5,250 -2.54 1,894 -28.26 0.7719
2024-11-18 2024-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 206,750 45,150 27.94 2,640 6.15 1.1035
2024-08-02 2024-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 161,600 16,250 11.18 2,487 82,800.00 1.0916
2024-04-16 2024-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 145,350 0 0.00 3 50.00 1.5203
2024-02-13 2023-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 145,350 -601,595 -80.54 3 -81.82 1.5292
2023-11-14 2023-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 746,945 609,295 442.64 12 450.00 2.6733
2023-08-07 2023-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 137,650 10,815 8.53 2 0.00 1.2870
2023-05-15 2023-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 126,835 185 0.15 2 0.00 1.3715
2023-02-03 2022-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 126,650 7,500 6.29 2 -99.88 1.2296
2022-10-21 2022-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 119,150 3,200 2.76 1,606 -9.88 1.1034
2022-07-28 2022-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 115,950 -5,300 -4.37 1,782 -54.37 1.2010
2022-05-12 2022-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 121,250 -10,229 -7.78 3,905 36.44 2.2059
2022-02-07 2021-12-31 13F CLEVELAND-CLIFFS COM 185899101 131,479 -3,500 -2.59 2,862 7.03 1.8770
2021-10-06 2021-09-30 13F CLEVELAND-CLIFFS COM 185899101 134,979 -11,881 -8.09 2,674 -15.54 1.8456
2021-07-06 2021-06-30 13F CLEVELAND-CLIFFS COM 185899101 146,860 -11,750 -7.41 3,166 -0.75 2.0749
2021-05-26 2021-03-31 13F CLEVELAND-CLIFFS COM 185899101 158,610 -20,450 -11.42 3,190 22.36 2.7133
2021-02-01 2020-12-31 13F CLEVELAND-CLIFFS COM 185899101 179,060 -90,347 -33.54 2,607 50.69 2.3539
2020-10-15 2020-09-30 13F CLEVELAND CLIFFS COM 185899101 269,407 -26,661 -9.01 1,730 47.99 1.9450
2020-05-04 2020-03-31 13F CLEVELAND CLIFFS COM 185899101 296,068 34,069 13.00 1,169 -46.89 1.6295
2020-02-04 2019-12-31 13F CLEVELAND CLIFFS COM 185899101 261,999 57,421 28.07 2,201 49.02 1.8786
2019-11-14 2019-09-30 13F CLEVELAND CLIFFS COM 185899101 204,578 137,009 202.77 1,477 104.85 1.3096
2019-08-22 2019-06-30 13F CLEVELAND CLIFFS COM 185899101 67,569 10,057 17.49 721 25.39 0.6307
2019-05-17 2019-03-31 13F Cleveland Cliffs COM 185899101 57,512 -49,488 -46.25 575 -30.13 0.4135
2019-02-11 2018-12-31 13F Cleveland Cliffs COM 185899101 107,000 69,450 184.95 823 73.26 0.6859
2018-10-31 2018-09-30 13F Cleveland Cliffs COM 185899101 37,550 -44,750 -54.37 475 -31.56 0.2968
2018-07-31 2018-06-30 13F Cleveland Cliffs COM 185899101 82,300 -7,500 -8.35 694 11.22 0.4437
2018-05-04 2018-03-31 13F Cleveland Cliffs COM 185899101 89,800 58,750 189.21 624 178.57 0.4075
2018-02-07 2017-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 31,050 -19,500 -38.58 224 -37.95 0.1424
2017-11-07 2017-09-30 13F Cleveland Cliffs COM 185899101 50,550 1,800 3.69 361 7.12 0.2502
2017-08-14 2017-06-30 13F Cliffs Natural Resources COM 18683K101 48,750 23,000 89.32 337 59.72 0.2462
2017-05-05 2017-03-31 13F Cliffs Natural Resources COM 18683K101 25,750 5,117 24.80 211 -50.00 0.1471
2014-04-15 2014-03-31 13F CLIFFS NAT RES INC COM COM 18683K101 20,633 3,352 19.40 422 -6.84 0.2818
2014-01-29 2013-12-31 13F CLIFFS NAT RES INC COM COM 18683K101 17,281 2,651 18.12 453 51.00 0.3036
2013-11-13 2013-09-30 13F/A-1 CLIFFS NAT RES INC COM COM 18683K101 14,630 14,630 300 0.2290
2013-11-12 2013-09-30 13F CLIFFS NAT RES INC COM COM 18683K101 14,630 300
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.